Quant (QNT) is a cryptocurrency project that aims to connect different blockchains and financial networks. It has been gaining attention in recent months as the overall crypto market has started to recover.
In a recent video, JB provides a technical analysis of Quant on different timeframes, including one-hour, one-day, and one-week charts. He also discusses potential trading opportunities and his thoughts on the future price movements of QNT.
Key takeaways from the video:
- The one-hour chart indicates a recent push to the upper range followed by a rejection, with an expected move to the downside.
- Technical analysis points to key support and resistance levels, including the 50 EMA and 200 EMA.
- JB suggests potential trading opportunities, such as shorting QNT above $40 with a tight stop loss.
- JB also discusses the possibility of a further drop in price, targeting the $35-$37 area.
- The analysis also includes Fibonacci retracement levels and potential price targets, such as $46.50 and $51.50.
- JB promotes Cheeky Crypto’s membership website and its various features.
- The analysis extends to the one-week chart, discussing retracement areas and potential future price movements.
- There’s speculation about whether the bottom for Quant in the bear market has been reached, with a belief that it’s around $40.
- The video encourages viewer engagement, asking for opinions on Quant and targets for the bear market scenario.
- Cautionary advice is given about trading safely with tight stop losses.
Please note that this is just a summary of the video and should not be taken as financial advice. Cryptocurrency markets are highly volatile and subject to rapid changes. Always conduct your research before making investment decisions.